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A Webinar of Pepper Hamilton LLP

Preparing for the New Wave of Government Enforcement Activity in Financial Services

Thursday, October 13, 2011

Passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act ushered in a new era for the financial services industry, including a renewed focus on investigations and enforcement by a host of federal and state government authorities. For example:
  • The new Consumer Financial Protection Bureau (CFPB) is already gearing up to crack down on alleged abuses with credit cards and other consumer credit products, and is actively mining complaints made to the Federal Trade Commission (FTC) for new targets.
  • The Department of Justice (DOJ) has renamed the old Office of Consumer Litigation to add "Protection" to its title, and tapped a veteran fraud prosecutor from the Eastern District of Pennsylvania to head it - an unprecedented action for the 40-year-old agency and a sure sign it is ramping up for increased investigations and enforcement.
  • The DOJ also has beefed up the Civil Rights Division's fair lending unit, and is cooperating with the CFPB and FTC on fair lending matters.
  • The DOJ is stepping up its examination of "payment processors," entities which process payments for third parties and which are often used to commit fraud and launder money. Financial institutions should be on the lookout for potential problems related to payment processors and be proactive in examining their relationships with these entities.
Add increased attention from individual U.S. attorney's offices, state attorneys general, and the Securities and Exchange Commission (newly armed with whistleblower protection guarantees by the Dodd-Frank Act), as well as by federal and state banking regulators, and the enforcement picture looks very busy indeed for the industry.

Join our panel of experienced former prosecutors and regulators as we take a closer look at what to expect in financial services enforcement. Our panel includes key members of Pepper's Financial Services Enforcement Response Team, a dedicated group of ex-government trial lawyers, investigators and regulators with extensive experience in the financial services industry.

Moderator
Richard P. Eckman, Pepper Hamilton LLP - chairman, Financial Services Enforcement Response Team

Speakers
Stephen G. Harvey, Pepper Hamilton LLP - former Department of Justice trial lawyer
Michael A. Schwartz, Pepper Hamilton LLP - former chief of the Corruption, Civil Rights, Labor and Tax Fraud Unit of the U.S. Attorney's Office for the Eastern District of Pennsylvania
Richard J. Zack, Pepper Hamilton LLP - former chief of the Commercial and Consumer Fraud Unit and deputy chief of the Economic Crimes Unit for the U.S. Attorney's Office of the Eastern District of Pennsylvania

View the webinar as a Microsoft Office Live Meeting high-fidelity presentation.

View the Webinar in Windows Media Player.

PDF file of the PowerPoint slides from the Webinar.

Speaker(s)

Richard P. Eckman
Phone: 302.777.6560
Fax: 302.421.8390
eckmanr@pepperlaw.com

Michael A. Schwartz
Phone: 215.981.4494
Fax: 215.981.4750
schwartzma@pepperlaw.com

Richard J. Zack
Phone: 215.981.4726
Fax: 215.981.4750
zackr@pepperlaw.com

Ivan B. Knauer
Phone: 202.220.1219
Fax: 202.220.1665
knaueri@pepperlaw.com



Stephen G. Harvey


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